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opening day ipo. stay tuned, earnings from oracle which could set the tone for tomorrow. maria's up now with hour number two. i'll see you tomorrow. >>> it is 4:00 on wall street, do you know where your money is? welcome back to "the closing bell." stocks mixed today on wall street, the dow trying to close higher for a third session in a row. doing so by about 20 points. the markets remain in a holding pattern until after the election. the oracle stock has been acting well. will it set the stone for tomorrow? take a look at how we finished the day on wall street, with the dow jones up about 20 points on the session. nasdaq and s&p 500 under water today by a fraction. nasdaq down about six points. and the s&p 500 down just a fraction. the market may be continuing a steady klein. risk on phase is only temporary. resolution of the fiscal cliff will be destabilizing for the equity markets. ben pace joins me right now. also joining the conversation is chase wealth management's anthony khan. and rick santelli. gentlemen, good to have you on the program. let me kick it off with you. you're loo
giant oracle. we are going to the actual numbers to you as soon as they are released. liz: first, we will tell you about today's data download. the dow eked out some genes out after falling 72 points this morning. the industrial stocks are down. after posting big declines for the last two days, oriole took a bit of a breather. crude oil fell 11 cents, ending at $91.87 per barrel. so far this week, oil is now more than 5%. the labor department reported that jobless claims fell 3000 last week. that still misses expectations. the four-week average rose to about 378,000. that is the highest level since june. david: we have a lot of breaking news in the cellar. hank smith is using a barbell strategy of defense and risky stocks. we will explain why. and former fed governor mark olson will tell us what he will do if he was the next federal reserve chief. adam shapiro, give us those numbers. reporter: that's right. on earnings-per-share, 53 cents, david. non-gap priorities. he missed 8.18, rounding up to 8.2 billion. david: all right let's go to joe cusick. what's going on joe? what you thin
little to hinder the movements over the years. >>> oracle's opening world will open off monday. it's expected to raise over $100 billion. cbs five with the potential delays on the road. let's go back to services go where once again we have oracle (world. we have a number of street closures in that area. our street issued down between third and fourth. this is causing pretty bad delays. it will continue until the middle of next week. we have not walked to end all summer's going on this morning. it is over at michigan creek park. a kicks off the 8:00 a.m.. the walk starts at 930. there will be some street closures. the shuttle street is a showdown between third and fifth. you can get all the latest traffic information on our website. have a great weekend. good day to ditch our cards and head down south. this sequel of armageddon. crews are rebuilding a bridge, trying to upgrade the nation's largest car pool lanes. coming up in sports, oakland stays ahead of the game in the wild-card race. in a high-school student and a). why people are calling her a hometown hero. a new device that h
are worth buying right now. that is next. robert: watching shares of oracle falling ahead of the earnings report due after the closing bell. shares of the stock fell up 20% this year. they expect earnings per share $8.79 and revenue $36 billion and change. investors should look for key signs of business. software out performing art ware side. oracle's cloud strategy continues its acquisition and finally investors should keep in mind june through august typically oracle's weakest quarter. don't miss "after the bell" for full coverage on oracle's earnings release in 30 minutes time but now we continue count down to the closing bell with liz claman. liz: let's get to nicole at the new york stock exchange. you have your eye on a couple things here. nicole: taking a look at consumer stocks. what is interesting is they are doing well on a day we have seen oil pulling back and people think maybe they have more cash and you see some names on the move and it is worth noting of 15 top performing stocks in the s&p 500 are consumer related. names we all know very well including what we talked about t
again last night. this time it's really got me steamed. two high quality tech companies, oracle and tip cosoftware reported, and on the strength or the weakness so to speak of the headline numbers, both stocks were immediately -- sell, sell, sell! >> by the hair trigger traders, who clearly have no idea what they're talking about or what they're trading on. these quick draw mcgraw sold reportedly because they seemed shockingly disappointing. [ crying ] oracle showed little revenue growth. tibco came in shy of earnings. the ask questions later crowd went to work and sold oracle down to about 31. tibco got ripped, going from 30 to $27 in a heart beat. it's the kind of decline that raises questions about the future of a company that i have repeatedly highlighted as a fast-growing software company that processes one million transactions in a second from casinos to retailers to smartphone companies. initially, i was floored by the declines. to me it seemed ridiculous to simply blow out of oracle without listening to the conference call, especially since oracle is an extremely complicated com
90 days before things took effect and justify to students why hikes were needed. >>> oracle just about to unveil the next generation of its top selling data base. we're live right there. this is the oracle open world event in san francisco. now, oracle ceo larry ellison will be introducing the database designed for cloud computing. you can see the roads are blocked off and the security guards are there. what's going to happen is the first new version of this in five years. oracle will be showing off and introducing some of the high end servers as well. the systems are designed to handle corporate data more officially. that's later in san francisco. >>> you may want to leave the house a couple minutes earlier than usual to get a free coffee on your way to work. 7-11 is giving away a large coffee or latte between the hours of 6:00 and 10:00 a.m. they call this cof-free day. several other food chain across america, including krispy kreme are offering free coffee. to pam, sal, steve. >> i may be able to make it in there before 10:00 a.m. rush over to 7-11. >> that's right. you can al
county and pick people up at the presidio and into the city as they go down to oracle and google and adobe, and apple. all of these companies are running these buses to bring people that they want to hire and they want to retain down to their corporate headquarters in silicon valley. it's a tremendous change and i would postulate if you think about this for a moment, it's essentially like the suburban flight of the 1960's turned on its head. when you think back about what was going on in cities in suburbia in the 1950's, '60's and 70's, people didn't want to live in the cities and people wanted to go out to the suburbs for good school districts and a good quality of life. today that is turned on its head. people want to be in the cities. they want the activity. they want to be in the dynamic environment. what you saw in the suburban flight of the 1960's and 1970's was that after people moved out to the suburbs, so, too, did the companies move out to the suburbs. and i think what you are going to see is increasing pressure, if this is a battle between the employees and the employ
's no coincide that the apple 5 was unveiled there this week or oracle is having their meeting next week. it's the best way to generate more business. the economic impact of the center is significant. we have calculated that we have lost $2 billion in spending because the building is not big enough and people have left. people that want to meet in san francisco or come back over a regular cycle are not able to meet here because it's too small. so we have to expand and once we do, it will create jobs, revenue and taxes for the city. we have a whole expansion team. it's' private-public partnership. all partnering to make this thing happen. so what is our goals? is that location has changed dram itally and to work cost-effectively to stay onbudget and deliver the project. so this is the context of where we're looking at. it's right on the lines of new central subway. there will be a moscone stop. we have three separate buildings, south opened 32 years and north opened 20 years and moscone west opened a little over ten years ago. for the study looked at that whole area and looked at the three
and asia. crowd s gathering ahead of stor openings in the u.s. >>> and oracle's strong software sales offset weakness in hardware. >> the iphone 5 is officially on sale, but those in paris might have been facing a few problems earlier this morning because the new launch has provided the excuse for some of the workers in the apple store to come out and protest. michelle kosinski is in paris with the latest. what has been happening this morning? those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in th
. coming up, oracle swings and misses. big corporations dodging taxes. at least one thing about the iphone 5 that is not fantastic. your early morning business headlines is straight ahead. >>> plus paris hilton is back in the news for some not-so-nice things she had to say about gay men. >>> two teams punch their ticket to the postseason. the giants dominate in carolina and tiger goes head-to-head with rory. you're watching "early today." >>> good morning, and welcome back to "early today." i'm lynn berry. and here are some of your top headlines this morning. hundreds of pakistani protestors fought with police in islamabad thursday demonstrating against an anti-islamic film which they say denigrates the prophet muhammed. larger crowds are expected today. the american embassy in pakistan is running tv ads trying to reduce anti-american anger. >>> in syria at least 54 people were killed when a jet fighter blew up a gas station during heavy fighting between the government and rebel forces. >>> in cleveland, ohio, 16 amish men and women have been convicted of hate crimes for a series of h
distracting so be careful. oracle world coming to mosconey howard street closed between third and fourth major delays south of market. >>> something else commuters need to know you have to be prepared for days if you plan to drive in san francisco tonight. bike riders are expected to jam city streets to mark the 20th anniversary of critical mass. it began two decades ago when 50 people chose to ride their bikes home from work together. sometimes it numbers in the thousands. it has sparked periodic altercations between drivers and cyclists. no word what might happen. police say they will be ready for anything. >> we'll have extra people with them we use motorcycles, and bikes. >> there's no predicting how many will show up when the ride begins at the foot of market street 6:00 tonight or which streets the riders will take over, so be ready. >>> this morning the investigation continues into a fatal crash in novato that took the life of a 12-year-old girl riding her bike. amy hollyfield joins us from the scene. >> reporter: this spot where she was hit is now marked by flowers and a couple of cand
on friday. the fedex and oracle reported earnings this week. fedex beat lowered expectation and forecast a gloomy remainder of the year. oracle met earnings expectations even though the revenue fell short. >>> apple devotees lined up to pick up the apple 5 delivered to stores on friday. they exceeded expectations. apple stock continues momentum closing above $700 a share during the week. david stockman has big ideas, many of them controversial. all are interesting. heed the former director of the office of management and budget under president reagan and the author of how crony capitalism corrupts free markets and democracy. so you are in favor of letting the bush tax cuts expire. let's talk about the fiscal cliff. this is the issue on front and center. you want those tax cuts to expire. why is that? doesn't that make the recovery weaker. >> we are in monl 38 of the recovery. we don't have the right to keep borrowing and borrowing massively until someone says we have reached a point where we can pay our bills. i think we have no choice and if it means the economy is weaker because we hav
. >>> tens of thousands of people are decenting on san francisco for the oracle conference. >> here's sunny hostin with america's money report. >> reporter: good morning. cyber attacks on u.s. banks, websites of some of the country's biggest banks undenial of service attacks where hackers launch barrage of traffic overwhelming the sites a middle eastern group is believed to be responsible. cried owl places up ly after israeli prime minister benjamin netanyahu issued stern warning about iran's nuclear program. the nation's four largest auto rental companies are agreeing they won't give customers cars that have been recalled but not fixed. the four companies say she will support legislation to legally enforce the prop. prices for apple going up because of -- prices for apples going up because of crazy warm weather. i'm sunny hostin. have you heard of the new dialing procedure for the 408 and 669 area codes? no, what is it? starting october 20, 2012, if you have a 408 or 669 number, you'll need to dial 1 plus the area code plus the phone number for all calls. o.k., but what if i have an 408 nu
will tell you where you can meet oracle's crew and get a rare glimpse of the oldest trophy in international sports. also next the nobel prize winner that brought her message of peaceful political resistance to the bay area this weekend. let's step out and take a live look at the embarcadero from our roof cam at the studios. as lisa was saying, it doesn't look like we will have a warming trend, but we are going to. and i mean warming. lisa will have the forecast in >> 5:39 exactly on this saturday morning. looking at a live picture from the golden gate bridge. lisa arrangen is telling me if you want to keep it cool today, obviously that's a good place to be in that general area. upper 60s, mid-to upper 60s and that fog is going to be getting out of the way midday. a lot of plays to choose from. lisa will have the forecast in a little bit. the burmese opposition leader who spent nearly 15 years under house arrest is making her first visit to the bay area. about 9:00 this morning they will take part in a town hall style meeting at the war memorial gymnasium. yesterday she addressed an audience
. in livermore, nick smith, ay7 news. >> coming up, the annual oracle user conference starts tonight at the moscone center. >> and also a piece of history buried below the streets of san francisco. we will show you the unusual find. >>> and here is a live look from our emeryville hd camera. it's going to be in the low 80s in emeryville today. lisa argen will have more on that and your forecast in just a few minu ah. fire bad! just have to fire roast these tomatoes. do you churn your own butter what? too? this is going to give you a head start on your dinner. that seems easier sure does who are you? [ female announcer ] new progresso recipe starters. five delicious cooking sauces you combine with fresh ingredients to make amazing home-cooked meals. ♪ ambiance [ female announcer ] new progresso recipe starters. your head-start to home cooked. >> welcome back, everyone. it's 5:39. hope your early sunday morning is off to a good start. this is a live look from our roof cam hd showing you the embarcadero and the bay bridge there. san francisco should be nice today. eventually
an opportunity to save as much in energy costs. in livermore, nick smith. >> coming up, the annual oracle user conference starts tonight at the moscone center. find out who is bogey to welcome the attendees this evening. and also a piece of history buried below the streets of san francisco. we will show you the unusual find. and here is a live look from our roof cam, showing the flag waving in the background with the bay bridge. it is a spare the air day on this last day of the month. lisa argen will have your forecast in >>> an unusual find in san francisco. part of the old city hall destroyed by the big quake and fire more than 100 years ago just recently turned up. crews discovered the ruins on fulton and hide streets about two blocks from where the current city hall now stands. >> people who central along the sidewalk by san francisco's civic center probably have no idea that below them is a piece of the past. when the great quake of 1906 struck, it left the magnificent city hall in ruins. it's dome became a symbol of the disaster. now crews have made a historic find, remnants of the old s
cup coffee brewer market. after the closing bell tonight, the market focus was on oracle. the company's database software business has been a bright spot as it has struggled with its computer hardware unit. earnings per share came in on target at $.53. operating expenses were down, helping improve its profit margins. shares were down 1.6% before tonight's news, and the stock showed little movement in after hours action. earlier this week, oracle traded at an 11 month high. the weakest spot in the quarter, hardware sales, down double digits, but on tonight's conference call, oracle management expects hardware revenue growth to show up in about ne months. a day after warning the second half of the year will be as painful as the first half, j.c. penney shares saw heavy selling. the stock fell 11.2% as volume almost tripled. the department store has been trying to turn itself around, but it was unsuccessful in its effort to wean shoppers off of discount pricing. four of the five most actively traded exchange traded products were down. the s&p 500 tracking fund managed to squeak out a one
was the president of oracle's on demand service, which by some records was the first online on demand service. cloud computing has a lot of fathers, but tim is often called the grandfather of cloud computing because of that endeavor. but tim is also an investor in a cloud computing companies, and author of some very exciting cloud computing books. thank you for being here. next, we have simon crosby. he is an entrepreneur, who has just launched his latest company, and he might tell us a little bit about it. before that, almost just about a month ago, he was the cto of citrix systems. he got there by selling his last company to them. that company has developed some of the key virtualization technologies, which enable the cloud. he made a big contribution. thank you for that. last but definitely not least, we have jeanette tomlinson, the cto of our very own, dear city of santa francisco -- gina, and sen. she has had a very daunting task of taking the legacy infrastructure of the city and moving that to a professional data center. but also, setting up a virtual private cloud and making a foray into the
are oracle team usa, second oracle team, by russell cuts. and the team known as pirana and sword fish, team korea, energy team, arnamit white, red. and jq morgan and the china team and so we look forward to welcoming them all back into town and on to the great bay. very exciting. as i mentioned we will be holding fleet week at exactly the same time. flee week will be october 3 to the 8th. so it will begin officially a day after the practice session for the america's cup. fleet week was started in 1981 and has a long tradition here in san francisco. it was started by mayor diane finestien and it is the third year that it is used not just to celebrate the men and women in the military services but also to bring together leaders from around the bay area and the federal agencies with the state agencies and the local agencies so that in the event of a disaster, situation, or an imagine situation, we have met each other and compared notes and we have a working relationship, and that was a vision embraced or created by general michael myatt a retired general who heads our fleet week committee and
and bakeries next year. >>> san francisco mayor ed lee is scheduled to make welcoming remarks at oracle's 2012 conference tonight. more than 50,000 people are expected to tearnldz the event -- attended the event in san francisco. oracle's c.e.o. is expected to announce a revamp of the company's database system at that event. oracle is also expected to reveal new servers for computing. >>> you may want to check the status of your flight if you're flying out of san francisco international airport today. one of the primary runways is closed and that could cause some delays. this is the final weekend of the runway closures for work to install new lights and safety features. airport officials say air traffic should return to normal by tomorrow morning. today is a spare the air day. officials are asking people to avoid driving or using gas powered equipment in order to cut down on unhealthy air pollution. people are also being asked to take public transit or use other alternatives such as carpooling. >>> so if yesterday you're thinking to yourself the weather is great but would like it a smidge warm
oracle conference starts tonight. find out who will welcome the thousands on hand. also, a piece of history buried below the streets of san francisco. we'll show you the unusual find. >> and here is a live look from our roof cam showing you a bit of the embarcadero and looking out towards the bay bridge. beautiful day on tap, rapid warmup and a heat wave. lisa argen will have your forecast in just a few "and what's your name?" "oh, it's flo." "and what do you do?" "oh, i sell insurance like no one else." "oh, that's nice." "thank you." now, that's progressive. call or click today. >> carolyn: paradise by the bay also known at san francisco. it is 9:40. last sunday in the month of september. we appreciate you getting up and watching the abc7 sunday morning news. beautiful day on tap. lisa argen will be along with a full accu-weather forecast. >> an unusual find in san francisco, part of the old city hall destroyed by the big quake and fire and after demolition more than a hundred years ago. crews discovered the ruins about two blocks where the current city hall now stands. >> peop
. >>> or wall world brings in 50,000 to -- oracle world brings in 50,000 that -- the show expected to help pump 120 millions into the local economy and will coincide with america's cup racing world series -- a lot of people coming to town for that and what is going on, on the bay they will want nice weather. >>> it seems no matter what you got a breeze on that bay you are never going to let down a sailboater. >> the weekend will have a breeze will challenge them. right now a look at some of the cloud cover, fog creeping across san francisco as we look to the east from mount sutro. live doppler in search of patches of wet weather this morning, live doppler not seeing any of that wet weather because it is not there. fog made of mist hanging in the air not falling. let's talk about temperatures, dress for 40s north, still upper 40s santa rosa napa, latest temperatures around the rest of our neighborhoods 50 antioch at 60, locally dense none ray bay and inland mid 50s here. sunshine about an hour slower today, patchy fog possible again tonight excessive heat this weekend will spread to the coast pr
against some of these companies like s.a.p. oracle reports this week. do you regard yourself a collaborator or are there some companies that are just plain your enemy? >> well, these companies have tremendous back office, some built on s.a.p. like coca-cola, some built on oracle like virgin america. in fact we had the ceo of virgin america here. they're building a new seatback, jim, where you're going to be able to collaborate and exchange information with the virgin american team while you're in the air. so if you're late for your flight, you're going to be able to let that ground staff know, or they will proactively reach out to you. they'll send maps to you. they'll make sure that you're settled, that you're ready, that you know exactly what is going on, so when you get to your destination, they're ready and everything is set for you. that's the next generation of connecting with your customer in this relltime environment. >> i see ge speaking. coca-cola speaking. there are 90,000 people out there. aren't they just getting more business for salesforce? >> we're building pr
election day. one of the world's richest men now richer documents reveal larry ellison of oracle receive $96 million in 2011 up 24% from the year before, most of his pay came from stock options but also came as his company's shares dropped 23% he founded the company 35 years ago making him the longest running chief executive at a silicon valley firms. two local cities at the top of the list for the nation's richest, a survey bar market watch raided cities by median household income san jose no. 1 at $77,000, san francisco's second at $70,000 and that washington d.c. seattle and san diego all with the median incomes more than $60,000. california's unemployment rate still higher but had it in right direction the jobless rate chopped to 10.6% in august down from 10.7 and nearly 12% a year ago but still well above the national average of 8% the right in san francisco dropped to 7.4 in august. endeavor may be grounded, the space shuttle does not go into retirement quietly crews moved it into an airline hangar at lax, then the shuttle as put on a flatbed and transported to the california scien
. >> preparations underway for oracle open world in san francisco. the conference gets underway sunday. traffic is a bit of a mess and there is $120 million in revenue. the show will feature the music festival as well as a customer appreciation event wednesday night featuring pearl jam. >> morgan hill police say a woman who aband beyonded her daughter during a supermarket rippoff has taken off for reno with her baby and made suicidal statements authorities tell us she took her 1-year-old son in morgan hill. there is a green ford expedition with a wyoming license plate there is a warrant out for her arrest. and she left her daughter in that store. >> 19 veterans filed a lawsuit in san francisco federal court stating they were raped. in the armed forces and they face retall wraigs for reporting the crime. two spoke about the ordeal at u.s. college of the law and danielle hoffman says she was raped several times starting as a recruit. >> there are two choices willing or unwilling. and i knew it would is been punished more and abandoned. >> congress woman jackie speier is sponsoring a bill creating
the forecast as the global economy weakens. >>> oracle, they are looking to help recruiters. they are already integrated to oracle's offerings into performance management and financial terms are not being made public. >>> time now 6:21, you are about to see the financial plans, why the city says they have to do it because they are losing too much money. >> plus, pushshy solicit ters, or something more, the incident that prompted a warning for uc berkeley students >>> students about aggressive solicitors on campus, they coerced a student to withdraw $400 from an atm. it happened at the plaza. students were so fearful that they are investigating the incident as a potential robbery. >> or it can be an active solicitation that somebody goes along with and feels bad afterwards, that is one with of the things we have to determine. >> police are asking students to report any similar incidents to eye accident few solicitors. >>> new expansion plans for the setting. 200,000 square feet of convention space would be added, and you are looking at a photo which was just unveiled. 200billion has been lost
looks nice, too. fog along the immediate west coast, lynn? >> dylan, thanks so much. >>> oracle swings and misses. big corporations dodging taxes. >>> one thing about the iphone that is not fantastic. your first look at the morning's business headlines are straight ahead. >>> two teams punch their ticket to the postseason, the giants dominating carolina and tiger goes head to head with rory. you're watching "first look" on msnbc. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more
street is closed between 3rd and 4th because of the oracle conference. and police advise patients for those in cars that will be trying to get home. and i'll be back at 6:00. >> keep in mind you can navigate around critical mass by using waze. >> you can down load it for free from our web site. >> might come in handy in los angeles right now. there is a carmeggedon 2 will be beginning. closed for a construction project. a similar shut down last year was the original carmeggedon. >> and caltrans is reminding bay area drivers that the bridge will be closed next month and there is the bridge closing from 10:00 p.m. to 5:00 a.m. the following monday. and there be replacing roadway. >> a new law will make buying an electric car more affordable. it allows to use charging stations into the loan. >> an effort urging the governor to veto a controversial vaccine bill there are most doctors are concerned and al rallying against ab 2109 requiring parents who don't want their kids vaccinated to receive a written waiver. >> a governor sign aid bill into law giving students access to electric ve
Search Results 0 to 49 of about 202 (some duplicates have been removed)